Monte dei Paschi announced in July an emergency rescue plan that includes a capital increase of up to 5 billion euros and the transfer of 28 billion euros of non-performing loans to a vehicle which will sell them in a securitisation scheme.

The fund managing Atlante, which in July had committed to buying the mezzanine tranche of the securitised loans, said in a statement that a due diligence of the soured debts had been completed and had confirmed the initial price estimates.

($1 = 0.8928 euros)

(Reporting by Silvia Aloisi)

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